1 point Which of the following represents the characteristic of Management accounting? Involves the preparation of financial statements used by internal and external users in making informed decisions. Reports the financial performance of entire organisation. Helps in identifying the financial position of the business. Helps in determining the estimation cost of products or activities. In managerial accounting, the financial reports are prepared 1 point on quarterly basis. as frequently needed by the management on monthly basis. at the end of accounting period. All of the following about cost accounting are true except 1 point Evaluating the need for capital and revenue expenditures. Ascertainment of the product costs. Facilitate prompt and reliable cost information to external users. Planning and control material costs. Lubricant used in a sewing machine is classified as 1 point O Direct material costs. Direct expenses costs. . Indirect material costs. Indirect expenses costs 1 point MER Sdn. Bhd. announces to launch its COVID-test kit next year and the business spent RM120,000 for research and development of the product. Which of the following is true about the research & development costs?* The costs that should be included in the product costs. The costs that cannot be recovered and are not taken into consideration when deciding whether to continue an investment. The costs that incurred to maintain the business operation and are directly attributable to the production of the products. The costs that are subject to change depending on the output of the product